Autodesk shares rise 5% as outlook tops estimates

SAN FRANCISCO - Autodesk Inc . (NASDAQ:ADSK ) reported better-than-expected second-quarter results and raised its full-year guidance, sending shares up 5% in after-hours trading.

The design software maker posted adjusted earnings per share of $2.15 for the quarter ended July 31, surpassing analyst estimates of $2.00. Revenue grew 12% YoY to $1.51 billion, exceeding the consensus forecast of $1.48 billion.

Autodesk raised its outlook for fiscal 2025, now projecting full-year adjusted EPS of $8.18 to $8.31, above the previous analyst consensus of $8.12. The company also boosted its revenue guidance to a range of $6.08 billion to $6.13 billion, topping expectations of $6.05 billion.

"Autodesk continues to generate strong and sustained momentum both in absolute terms and relative to peers," said Andrew Anagnost, Autodesk president and CEO. "Our success is fueled by our ability to capitalize on the attractive long term-growth trends we're seeing, including increases in global reconstruction and infrastructure."

For the third quarter, Autodesk forecast adjusted EPS of $2.08 to $2.14 on revenue between $1.555 billion and $1.57 billion, both ahead of analyst projections.

The company reported broad-based growth across products and regions in its architecture, engineering and construction (AEC) and manufacturing segments. Design revenue, its largest segment, increased 9% to $1.26 billion.

Autodesk's net revenue retention rate remained within the 100% to 110% range. Free cash flow rose to $203 million from $128 million a year earlier.

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Source: Investing.com